Saturday 17 October 2026 Export AUDC’s income statement to Excel — free account

AudioCodes Ltd.

AudioCodes Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $245.6 million, up 1.42% from fiscal 2024. In the quarter to June 2026, revenue grew 3.08%, EPS grew 100.0% and free cash flow fell 15.1%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

11.20 0.09 −0.80%

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Market cap: $270.5M
P/E: 43.1×
Fwd P/E: 26.7×
Dividend yield: 3.57%
F-score: 7/9
Altman Z: 2.36
Beneish M: −2.64
Dividend safety: 57/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.63

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	2	4	—	—	5	—	—

Insider Ownership 46.28%

Capital & Financial Ratios $m

Market Cap 270.52

Revenue 249.25

Net Income 7.06

Free Cash Flow 21.59

Net Debt (61.67)

Current Ratio 1.90

Debt/Equity 0.00

P/E ratio 43.08

Fwd P/E 26.70

P/S ratio 1.13

P/B ratio 1.65

Past 5Y EPS Growth (17.88%)

This Y EPS Growth 0.00%

Next Y EPS Growth 4.92%

Next Y revenue growth 3.05%

Next 5Y EPS Growth (7.72%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 73.09%

10-year low 10-year high

P/S against its own 10 years 17.03%

10-year low 10-year high

P/B against its own 10 years 28.82%

10-year low 10-year high

EV/Sales against its own 10 years 15.48%

10-year low 10-year high

EV/FCF against its own 10 years 21.86%

10-year low 10-year high

Dividends

Payout Ratio 1.54

Annual Dividend Rate 0.40

Annual Dividend Yield 3.57%

	total	individual payouts
2026	0.40	0.20 0.20
2025	0.00	0.18 0.20
2024	0.36	0.18 0.18
2023	0.54	0.18 0.18 0.18
2022	0.72	0.18 0.18 0.18 0.18
2021	0.66	0.16 0.16 0.17 0.17
2020	0.27	0.13 0.14
2019	0.34	0.11 0.11 0.12
2018	0.20	0.20
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	38	62	73	62
Receivables	61	69	86	81
Inventory	44	31	22	24
Other	—	—	—	—
	143	163	181	167

	2023	2024	2025	Q'26
Payables	8	8	6	9
ST’ Debt	—	—	—	—
Other	—	—	—	—
	84	78	82	88

Compound Annual Growth %

	10y	5y	3y
Sales	5.80%	2.15%	(3.71%)
Cash Flow	5.27%	(5.26%)	52.49%
Earnings	37.68%	(19.95%)	(31.99%)
Book Value	3.85%	(3.98%)	(3.35%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	62	63	—	—	—
’25	60	61	62	63	246
’24	60	60	60	62	242
’23	59	60	62	64	244
’22	66	68	70	71	275
’21	59	61	63	66	249
’20	52	54	57	59	221

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	13	6	—	—	—
’25	13	8	4	4	29
’24	15	(3)	8	15	35
’23	3	2	0	9	15
’22	1	5	2	0	8
’21	13	17	13	4	47
’20	7	11	11	10	38

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	12	5	—	—	—
’25	12	6	2	2	23
’24	8	(11)	2	12	11
’23	2	0	(2)	9	9
’22	1	5	2	0	7
’21	13	17	12	4	46
’20	6	10	10	10	37

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.07	0.02	—	—	—
’25	0.13	0.01	0.10	0.07	0.31
’24	0.07	0.12	0.09	0.22	0.50
’23	(0.01)	0.03	0.14	0.12	0.28
’22	0.26	0.21	0.17	0.23	0.88
’21	0.29	0.24	0.24	0.22	1.00
’20	0.17	0.21	0.20	0.24	0.83

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.66	5.83	6.62	9.93	9.00	25.90	16.79	7.14	7.70	8.01	Analyst estimates 2026–2028 Powerpack
	High	6.50	8.43	12.96	26.00	44.94	37.35	35.66	20.60	14.45	12.72
People
People	Employees	700	698	706	728	773	885	966	950	946	981
	Revenue/emp, $m	0.21	0.22	0.25	0.28	0.29	0.28	0.28	0.26	0.26	0.25
Income, $m
Income, $m	Revenue	146	157	176	200	221	249	275	244	242	246
	Gross margin, %	60.69	62.43	62.76	47.41	67.86	68.65	64.99	64.80	65.31	65.00
	EBT	8	10	17	(11)	37	40	34	14	15	14
	EBT margin, %	5.22	6.15	9.41	(5.65)	16.60	15.93	12.43	5.88	6.23	5.53
	Net income	16	4	13	4	27	34	28	9	15	9
	Depreciation	4	3	3	2	2	4	4	4	5	5
Per share, $
Per share, $	Revenue	4.14	5.04	6.09	6.85	7.02	7.61	8.64	7.78	8.02	8.62
	Earnings	0.46	0.13	0.47	0.14	0.87	1.03	0.89	0.28	0.51	0.31
	Cash flow	0.52	0.57	0.88	0.79	1.22	1.45	0.26	0.47	1.17	1.03
	Capex	(0.04)	(0.05)	(0.05)	(0.07)	(0.05)	(0.04)	(0.05)	(0.19)	(0.80)	(0.23)
	Free cash flow	0.48	0.52	0.84	0.73	1.18	1.41	0.21	0.28	0.36	0.80
	Book value	3.09	2.97	3.27	3.16	6.67	6.28	5.96	5.99	6.35	6.01
	Shares, m	35	31	29	29	31	33	32	31	30	28
Valuation, ×
Valuation, ×	P/E	13.34	62.50	21.48	214.08	32.03	34.06	19.46	41.58	19.10	27.28
	P/S	1.59	1.49	1.62	3.75	3.92	4.56	2.03	1.52	1.21	1.01
	P/B	2.13	2.53	3.02	8.13	4.13	5.53	2.94	1.97	1.53	1.45
	EV/Sales	1.44	1.33	1.30	3.41	3.34	4.22	1.86	1.36	0.96	0.72
	EV/FCF	12.41	12.85	9.43	32.23	19.93	22.77	75.24	37.37	21.18	7.71
Cash, $m
Cash, $m	Operating cash flow	18	18	26	23	38	47	8	15	35	29
	Capex	(1)	(2)	(1)	(2)	(2)	(1)	(1)	(6)	(24)	(6)
	Free cash flow	17	16	24	21	37	46	7	9	11	23
Balance, $m
Balance, $m	Working capital	35	32	59	46	109	72	55	58	85	100
	Total debt	12	9	6	4	1	20	14	—	—	—
	Net debt	(23)	(25)	(57)	(68)	(130)	(85)	(47)	(38)	(62)	(73)
	Shareholders’ equity	109	92	95	92	210	205	190	188	192	171
Returns, %
Returns, %	ROA	8.62	2.25	7.70	1.88	9.05	9.54	8.46	2.66	4.55	2.72
	ROIC	5.63	8.99	27.46	(23.93)	30.05	20.57	13.72	6.01	8.30	8.91
	ROE	14.36	4.01	14.44	4.25	18.03	16.25	14.40	4.65	8.06	4.93

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ADTN ADTRAN Holdings, Inc.	$532.1M	— (loss-making)	— (loss-making)	+6.07% (above 0%: growing)	n/m	−52.65% (below 0%: shrinking)	36.97%	(3.58%)	Compare
CLFD Clearfield, Inc.	$407.4M	— (loss-making)	76.5×	+13.18% (above 0%: growing)	+100.00% (above 0%: growing)	−6.00% (below 0%: shrinking)	31.79%	5.86%	Compare
LTRX Lantronix, Inc.	$274.2M	— (loss-making)	179×	+8.03% (above 0%: growing)	n/m	+89.00% (above 0%: growing)	43.67%	(1.26%)	Compare
AUDC AudioCodes Ltd.	$270.5M	43.1×	26.7×	+3.08% (above 0%: growing)	+100.00% (above 0%: growing)	−15.07% (below 0%: shrinking)	65.70%	5.08%
BKTI BK TECHNOLOGIES, INC.	$251.4M	17.9×	26.1×	+10.63% (above 0%: growing)	−18.45% (below 0%: shrinking)	−85.95% (below 0%: shrinking)	51.86%	16.35%	Compare
SILC Silicom Ltd	$250.5M	— (loss-making)	— (loss-making)	+58.51% (above 0%: growing)	n/m	−29.51% (below 0%: shrinking)	30.11%	(8.37%)	Compare
AVNW Aviat Networks, Inc.	$250.0M	99.7×	9.6×	+4.81% (above 0%: growing)	n/m	−56.30% (below 0%: shrinking)	30.81%	4.82%	Compare
CRNT Ceragon Networks Ltd.	$183.6M	— (loss-making)	29.6×	+14.16% (above 0%: growing)	n/m	−65.76% (below 0%: shrinking)	31.65%	0.25%	Compare
OCC Optical Cable Corporation	$125.6M	44.5×	— (loss-making)	+21.99% (above 0%: growing)	+425.00% (above 0%: growing)	+156.41% (above 0%: growing)	37.43%	8.69%	Compare
Median of peers	$250.9M	44.5×	29.6×	+11.91%	+100.00%	−41.08%	34.38%	2.54%

All 47 Communication Equipment stocks →

AudioCodes Ltd. (AUDC) key facts

Strength: AudioCodes Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $245.6 million, up 1.42% from fiscal 2024.
AudioCodes Ltd. (AUDC) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, AUDC traded at $11.20, a market capitalization of $270.5 million.
AudioCodes Ltd. pays an annual dividend of $0.40 per share, a yield of 3.57%, with a payout ratio of 153.9%.
Return on equity was 4.93% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.36 (grey zone) for fiscal 2025.